Last Updated
Overview
Xero accounting software streamlines your financial management, from invoicing to payroll. While it may take time to master its extensive features, the ability to integrate with numerous apps and automate tasks makes it invaluable for small businesses and accountants.
Overall Rating
Based on 352 users reviews
4.5
Rating Distribution
Positive
93%
Neutral
5%
Negative
2%
Starting Price
Custom
Xero Accounting Solution Specifications
- Invoice Management
- Financial Reporting
- Tax Management
- Expense Tracking
What is Xero Accounting Solution?
Overview
Xero is a web-based accounting solution offering robust and complex accounting tools to small and medium-sized businesses in all industry verticals. Xero provides them with a direct gateway to connect with their banks, accounting tools, their accountant, payment services, trusted advisors and integration with +700 third-party apps through secure, readily available channels at all times via any device. The software currently caters to 1,000,000 users and over 16,000 accounting firms.
The software's accounting and bookkeeping functionalities provide users with efficient compliance tools, a practice management solution, and a cloud-based unified accounting ledger for every client, in one place. The solution now also comes with a project management feature, which wasn’t previously included. With Xero's robust accounting features, small businesses can view their cash flows, transactions, and account details from any location. Online payments allow users to track and manage expenses as well as improve relationships with critical business material suppliers. There are also features that automatically import and code all business transactions accurately.
Pricing: Four pricing packages are offered: Starter ($9/month), Standard ($30/month), and Premium 10 ($70/month). A 30-day free trial is also offered.
USP: Offers all the right tools to manage money in and out of your budgets in a way that will coincide with your business goals and long-term missions. You can also manage personal expenses with the mobile review.
Support: Support is extended via email, phone, live support, and tickets.
Product Advantages: Xero is easy to use and user-friendly, and accumulates highly ranked features that help close crucial accounting gaps. A handy tool for financial management. Easy to set up, no maintenance or hardware costs.
Product Limitations: Importing and exporting data is not very easy. The Payroll module could use improvements.
Pros And Cons of Xero Accounting Solution
Pros
All in one, paperless record-keeping centralizes all your finances
Automated tools like bank reconciliation and invoice reminders save time
Easy setup with 90-day support from onboarding specialists
Cons
May not be robust for non-technical users
The invoicing system can be challenging to navigate
Xero Accounting Solution Reviews
Total 352 reviews
4.5
All reviews are from verified customers
Rating Distribution
5
Stars64%
4
Stars28%
3
Stars4%
2
Stars1%
1
Stars2%
Share your experience
Meredith R.
Health, Wellness and Fitness, 1-10 employees
Less than a year
“affordable and user friendly accounting”
Pros
The pricing is extremely affordable and the functionality is right up there with other well-known accounting programs. My accountant really loves using it and finds the platform very user friendly.
Cons
To be honest there is not much to complain about. There were a few small challenges during the account setup but its support team was very responsive and helped quickly.
Rating Distribution
Ease of use
10
Value for money
10
Customer Support
10
Functionality
10
Charly R.
Food & Beverages, 11-50 employees
More than a year
“time saving and user friendly”
Pros
Using Xero across two businesses for the past three years has been really convenient. The platform is user friendly, simple to learn and it saves me a lot of time.
Cons
Honestly I have very little to complain about with it. The only issue I have noticed is that the website is occasionally unavailable once in a while.
Rating Distribution
Ease of use
10
Value for money
10
Customer Support
10
Functionality
10
Abdul Rehman M.
Health, Wellness and Fitness, 1-10 employees
Less than a year
“Reliable tool!”
Pros
Right from the start Xero made sense without any training at all. I am not an accountant in the slightest as I am actually a software developer but it was incredibly simple to get comfortable with. My accountants were genuinely impressed by how accurate and well-kept my books were and they could turn around my UK VAT returns in just a few minutes.
Cons
That said the interface seems quite dated and honestly doesn't look very good. I even rely on a Chrome extension to switch it to dark mode at night. It can also feel a bit confusing when moving back and forth between pages especially when older information shows up.
Rating Distribution
Ease of use
10
Value for money
10
Customer Support
10
Functionality
10
Frequently Asked Questions
What level of support does Xero offer?
Xero offers 24/7 email support.
Does Xero offer an API?
Yes, Xero offers an API.
Who does Xero integrate with?
The software integrates with Paypal, Zapier, Stripe, Deputy Software, Simpro, and Projectworks.
Who are the typical users of Xero?
Xero caters to small and medium-sized businesses across various industries like construction, retail and real estate. It is also used by accountants and bookkeepers.
What languages does Xero support?
Xero's user interface is available in English.
How much does Xero cost?
Xero offers three pricing plans: starter priced at $29/month, standard at $46/month, and premium at $62/month. Contact us for a customized Xero pricing quote.